CGI to Acquire French Tech Firm Apside, Expanding Global Footprint and AI Services

CGI (TSX:GIB) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, today announced the signature of an exclusivity agreement to acquire Apside, a France-based leading digital and engineering services firm. The agreement was signed with Apside's main shareholders, Siparex and investments companies of Crédit Agricole Group.

Operating for almost 50 years, Apside is recognized for its deep industry knowledge in manufacturing, financial services, insurance and mutual health insurance services and public sector, as well as its broad technology expertise in areas such as data, AI, cloud and cybersecurity. The exclusivity agreement was signed on March 28, 2025. The proposed transaction is subject to regulatory approvals and other customary closing conditions, as well as the prior information and consultation of the relevant employee representative bodies. Subject to receiving all required regulatory approvals and completion of the consultation procedures, the proposed transaction is expected to close in June 2025.

With a significant local presence, Apside serves more than 300 clients worldwide and has operations across 28 offices in six countries. Upon successful closing, more than 2,500 professionals would join CGI, deepening the company's local presence in France as well as in Canada, Portugal, Belgium, Morocco and Switzerland.